Market Insight | Sunny Optical up nearly 4% as first-half earnings exceed expectations, market anticipates AI-driven iPhone upgrade wave

Zhitong
2024.08.08 03:23
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SUNNY OPTICAL is now up nearly 4%, as of the time of publication, up 3.46% to HKD 43.35, with a turnover of HKD 202 million. On the news front, SUNNY OPTICAL previously announced a profit increase, expecting the company's performance in the first half of the year to reach HKD 1.048-1.08 billion, a year-on-year increase of 140%-150%, exceeding market expectations. BOC International pointed out that although the specifications of smartphone cameras are limited in 2024, high demand from Apple and Android is driving the growth of HLS shipments; the growth of shipments of car-related products in the first half of 2024 continues to slow down, mainly due to downstream inventory digestion and weakening demand. Cinda Securities stated that with the continuous iteration of models, the development of edge AI has laid a solid foundation. We are optimistic about Apple as a benchmark enterprise in consumer electronics. Individual stocks in the fruit chain still have great potential, and we recommend continued attention. Northeast Securities pointed out that the significant substantive innovation of Apple Intelligence, combined with the performance pressure brought by large models at the edge, is expected to drive a new round of iPhone upgrades for Apple. It is recommended to focus on the core track of consumer electronics, the Apple industry chain

According to the information from Zhitong Finance and Economics APP, SUNNY OPTICAL (02382) is currently up nearly 4%, as of the time of publication, up 3.46% to HKD 43.35 with a turnover of HKD 202 million.

On the news front, SUNNY OPTICAL previously announced a profit increase, expecting the company's performance in the first half of the year to reach HKD 1.048-1.08 billion, a year-on-year increase of 140%-150%, exceeding market expectations. CICC International pointed out that although there is limited specification upgrade for smartphone cameras in 2024, the high demand from Apple and Android is driving the growth of HLS shipments; the growth of shipments of car-related products in the first half of 2024 continues to slow down, mainly due to downstream inventory digestion and weakening demand.

Cinda Securities stated that with the continuous iteration of models, the development of edge AI has laid a solid foundation. We are optimistic about Apple as a benchmark enterprise in consumer electronics. Individual stocks in the Apple supply chain still have great potential, and we recommend continued attention. Northeast Securities, on the other hand, pointed out that the significant substantive innovation of Apple Intelligence, combined with the performance pressure brought by large models at the edge, is expected to drive a new round of iPhone upgrades for Apple. It is recommended to focus on the core track of consumer electronics, the Apple industry chain

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